Bedford Lending provides financing and investment banking services for senior housing, assisted living, CCRC and nursing home owners and operators nationwide.
For a detailed overview of our Healthcare Programs, please click below.
As direct FHA, HUD and USDA lenders we offer the broadest range of healthcare and senior housing financing solutions available. Our programs provide financing for acquisitions, refinance, new construction and rehab projects. Many programs offer 85-95% financing, non-recourse provisions and low fixed rates for 35-40 years. Our acquisition programs allow the seller to retain a second mortgage and we facilitate the closing in less than 90 days.
Each loan is underwritten by experienced healthcare professionals who understand both the challenges facing healthcare providers and potential market opportunities.
Construction/Substantial Rehab
| Programs | Benefits | LTV |
| HUD 232 | 40 year, fixed rate, non-recourse, one closing, assumable. | 75-90% |
Acquisition/Refinance
| Programs | Benefits | LTV |
| HUD 232/223(f)- Acquisition | 35 year, fixed rate, non-recourse, assumable. Allow 7.5% second mortgage. | 83.3-90% |
| HUD 232/223(f)- Refinance | 35 year, fixed rate, non-recourse, assumable. | 80% |
| Agency | 30 year, fixed rate, recourse & non-recourse, assumable, cash out up to 75%, rate and term 80%. | 75-80% |
| Government Finance Program | 25 year, fixed rate, assumable, cup to 75%, rate and term 80%. | 80-85% |
| HUD a7 (existing HUD loans) | Refinance up to 12 years beyond remaining term. Maximum term is 35 years. No cash out, non-recourse, assumable. | 100% |
| HUD 241(a) (second mortgaged for existing HUD loans) | 83-90% of replacement cost, Max term of 40 years, fixed rate, assumable ass | 83-90% |
I engaged Bedford Lending to develop a finance strategy for a new expansion. They funded a direct loan that paid off our bank loan and was used to build a 20 unit assisted living wing. The loan was written for 40 years and was non- recourse. Their experience and programs are remarkable. We look forward to working with them on the next project."
Our Finance Options
- HUD/FHA Construction
- HUD/FHA Permanent Loans
- USDA (538) Loans
- USDA Low Income Housing
- USDA Community Facilities Program
- HUD 202 Loans
- Non-Profit Affordable Housing
- Section 8 Loans
- HAP Contract Loans
- Conventional
- Low Income Housing
- Rural Affordable Housing
- 4% and 9% Tax Credit
- Federal & State Tax Credit
- New Market Tax Credit
- Bond advisory
- Private placement advisor
- Credit Enhancements
- SBA Loans
- Forward Commitments
- Bridge Loans
- Mezzanine Debt Fixed and Adjustable Loans
- Participation Loans
- Sale Leaseback Financing
- Distressed/Turnaround Properties
- Blanket Mortgages
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